Findlay Deirdre 4

What Happened

• Deirdre Findlay, a director of Olaplex Holdings, disposed of company equity in connection with the March 26, 2026 merger with Henkel. On 2026-07-07 she received $2.06 per share for 248,693 common shares (cash proceeds reported: $512,308) and her 506,250 outstanding stock options were cancelled and converted into cash equal to $0.41 per option (the $2.06 merger price minus the $1.65 strike), producing $207,562.50. Total cash received ≈ $719,870.50.
• The 248,693-share amount includes 110,294 shares that were underlying restricted stock unit (RSU) awards and were likewise cancelled and converted to cash under the merger terms.

Key Details

• Transaction date: 2026-07-07 (same day as the Form 4 filing)
• Prices and values: Common stock cash-out at $2.06/share; options converted at $0.41/share (506,250 options → $207,562.50). Reported cash from share disposition: $512,308.
• Transaction codes: Disposition to issuer (D) for both equity and derivative conversion; these were merger-related cash-outs, not open-market sales.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: Merger Agreement with Henkel made Olaplex a wholly owned subsidiary; all outstanding RSUs and unexercised options were cancelled and converted to cash per the merger terms. The option exercise price ($1.65) was below the merger price ($2.06), producing the $0.41-per-share payout.

Context

• This was a corporate merger cash-out, not a voluntary open-market sale; insider did not exercise options to acquire shares for retention — options were automatically converted into cash per the merger agreement.
• Such merger-driven dispositions reflect transaction terms rather than a trading signal about the insider's view of future company prospects.